RAIT Financial Trust's Series B Cumulative Redeemable Preferred Shares About To Put More Money In Your Pocket

On 5/30/13, RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (NYSE: RAS.PRB) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 7/1/13. As a percentage of RAS.PRB's recent share price of $25.65, this dividend works out to approximately 2.04%, so look for shares of RAS.PRB to trade 2.04% lower -- all else being equal -- when RAS.PRB shares open for trading on 5/30/13. On an annualized basis, the current yield is approximately 8.19%, which compar...